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Summary: Maryland; General Obligation Feb 08

  • ID: 1887009
  • February 2008
  • Region: Maryland
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Maryland's series 2008 state and local facilities loan GO bonds. The 'AAA' rating reflects the state's: Diverse, broad-based economy, which has historically outperformed the national economy and is projected to continue to grow over the near term, albeit at a reduced rate; High wealth and income levels, coupled with unemployment that remains below the national average through economic cycles; Historically strong financial management and performance, with strong liquidity and financial operations; and Moderate debt burden, enhanced by a clearly defined debt-affordability model limiting annual issuance and maintaining ratios within reasonable limits, including a constitutional 15-year debt maturity schedule. Maryland's economic base is substantial and diverse, benefiting from...

Companies mentioned in this report are:
- Maryland

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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